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Written question asked by Tanmanjeet Singh Dhesi (Labour) on Friday, 15 October 2021, in the House of Commons. It was due for an answer on Tuesday, 19 October 2021. It was answered by George Freeman (Conservative) on Monday, 25 October 2021 on behalf of the Department for Business, Energy and Industrial Strategy.


Research: Finance

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will ensure future research funding allocations retain their real-terms value in line with inflation.

Answer

In announcing the Spending Review 2021, my Rt. Hon. Friend Mr Chancellor of the Exchequer reiterated the Government’s commitment to cement the UK as a ‘scientific superpower’.

All future funding decisions will be subject to the outcome of the Spending Review, and we are working with HM Treasury to agree an ambitious R&D package.

The Spending Review will conclude on 27 October. We will then undertake the Departmental allocations process.


Secondary information

Type
Written question
Reference
57273
Session
2021-22
Subjects
Finance Inflation Research
Link
View this Written question on www.parliament.uk